Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
BelleoFX Pros & Cons
- Accounts suitable for any trading strategy and professional level.
- Swap-free account for Muslim traders.
- Demo account for testing the broker’s trading conditions or training.
- High leverage of up to 1:500 for currency pairs.
- No brokerage fees for depositing or withdrawing funds.
- 24-hour online support and phone communication during the broker’s working hours.
- Access to investing in PAMM accounts.
- MetaTrader 4 is not available.
- No cent accounts for trading with small investments and minimal risks.
- The broker’s trading fees are rather high.
BelleoFX, launched in 2020, is an online trading platform specializing in over-the-counter (OTC) markets. It offers a diverse range of assets, including currencies, cryptocurrencies, and CFDs on stocks, indices, and commodities. Traders can also choose from various payment systems, and the platform’s leverage options enhance investment capabilities. BelleoFX caters to a wide audience with its selection of account types, designed for novice, experienced, and Muslim traders.
TU Expert Verdict
BelleoFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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BelleoFX User Reviews
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5-star
8%
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4-star
25%
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3-star
42%
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2-star
8%
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1-star
17%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of BelleoFX have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of BelleoFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, BelleoFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
BelleoFX Standard spreads BelleoFX OANDA FOREX.com EUR/USD min, pips 1.2 0.1 0.7 EUR/USD max, pips 1.9 0.5 1.2 GPB/USD min, pips 1.4 0.1 0.9 GPB/USD max, pips 2.4 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
BelleoFX RAW/ECN spreads BelleoFX OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 7.5 3.5 5 EUR/USD avg spread 0.10 0.15 0.2 GBP/USD avg spread 0.20 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with BelleoFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
BelleoFX Non-Trading Fees BelleoFX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is BelleoFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.9 /10BelleoFX has a safety score of 3.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
BelleoFX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 SVG FSA
Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 BelleoFX Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.5 /10BelleoFX offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Swap Free (Islamic) account
- Tight spread ECN account
- Demo account
- Micro lots are not available
- No Cent account
BelleoFX account types vs top competitors BelleoFX Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free YesNoYesVIP NoNoNoManaged NoNoNoBelleoFX accounts trading conditions
BelleoFX provides for active trading under different conditions and generating passive income using the PAMM service. There are account types designed for novice traders and professionals. However, cent accounts are not available. All account types have identical leverage, minimum order, and Stop Out and Margin Call levels.
Account types:
Account Type Description Standard The minimum deposit is $50, spreads start from 1.2 pips, and there are no additional trading fees. This account type is suitable for novice traders and those who trade with small volumes. Zero Spread This account type is intended for experienced traders. The minimum deposit is $1,000, spreads are from 0 pips, and fees per lot are $15. PRO It’s a professional account type. The minimum deposit is $10,000, spreads are from 0 pips, and fees per lot are $5. 100% Bonus It’s an STP account type. The minimum deposit is $500 and there is a 100% deposit bonus. Spreads start from 1.8 pips and there are no additional fees. PAMM This account type is intended for experienced managers who trade with investor capital and their funds. The minimum deposit is $2,000, spreads start from 1 pips, and there are no fees per lot. Swap-Free This account type is designed for traders who, due to religious beliefs, can’t receive interest-based profits or pay fees in percentages. The minimum deposit is $1,000, spreads start from 1.5 pips, and there are no fees per lot. The broker offers a demo account with leverage ranging from 1:1 to 1:500 and a choice of virtual deposits of $100, $1,000, $5,000, and $10,000.
BelleoFX clients benefit from account types with different conditions, a wide choice of trading instruments, a demo account, and qualified technical support.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10BelleoFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
BelleoFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bitcoin (BTC) accepted
- No withdrawal fee
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC not available as a base account currency
What are BelleoFX deposit and withdrawal options?
BelleoFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
BelleoFX Deposit and Withdrawal Methods vs Competitors BelleoFX Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC YesNoYesWhat are BelleoFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. BelleoFX supports the following base account currencies: USD.
What are BelleoFX's minimum deposit and withdrawal amounts?
The minimum deposit on BelleoFX is $50, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact BelleoFX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.5 /10BelleoFX provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 55 Forex currency pairs.
- Indices trading
- 55 supported currency pairs
- 1000 assets for trading
- Copy trading not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by BelleoFX with its competitors, making it easier for you to find the perfect fit.
BelleoFX Plus500 OANDA Currency pairs 55 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 1000 2800 129 Stocks NoYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products BelleoFX offers for beginner traders and investors who prefer not to engage in active trading.
BelleoFX Plus500 OANDA Bonds NoNoYesETFs NoYesNoCopy trading NoNoYesPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at BelleoFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with BelleoFX in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at BelleoFX is $50. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Fully online account opening process
- Account setup process may feel less convenient for beginners
BelleoFX account opening BelleoFX Plus500 OANDA Online Registration YesYesYesMinimum deposit $50 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 7 10 KYC time (days) 1 3 3 Is BelleoFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To create a user account on the BelleoFX website, follow the instructions below compiled by Traders Union experts.
To start registration, click any of the “Register”, “Start Trading Now”, or “Join Now” buttons.
Fill in the registration form with your first and last names, email, telephone, and country of residence. Also, make a password and enter it twice.
In their user accounts, traders can:
- Pass the KYC (Know Your Client) procedure by verifying their identity and residence address..
- Deposit funds..
Additional features of BelleoFX’s user account that allow traders to:
- Open live and demo accounts.
- Make internal transfers.
- Submit withdrawal requests.
- View the economic calendar.
- Work in the IBs’ user account.
- Change the interface language and password, and add/edit personal data or bank details.
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Trading Platforms & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria5.1 /10BelleoFX received a score of 5.1/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- MetaTrader is available
- API access for automated trading
- Trading bots (EAs) allowed
- One-click trading
- Strategy (EA) Builder is not available
- No access to a proprietary platform
- No access to cTrader and its advanced tools.
Supported trading platforms
BelleoFX supports the following trading platforms: MT5. This selection covers the basic needs of most retail traders. We also compared BelleoFX’s platform availability with that of top competitors to assess its relative market position.
BelleoFX Plus500 OANDA MT4 NoNoYesMT5 YesNoYescTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey BelleoFX’s trading platform features
We also evaluated whether BelleoFX offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts NoTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 30 Tradable assets 1000 Additional trading tools
BelleoFX offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
BelleoFX trading tools vs competitors BelleoFX Plus500 OANDA Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoNoAPI YesNoYesFree VPS NoNoYesStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoYesAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoYes -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria4 /10BelleoFX supports mobile trading, offering dedicated apps for both iOS and Android. BelleoFX received 4/10 in this section, which suggests limited user interest or weak performance of the apps.
- Indicators supported
- Mobile alerts supported
- Weak user feedback on Android
- Low app installs across iOS and Android
We compared BelleoFX with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
BelleoFX Plus500 OANDA Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 1,000 10,000,000 1,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 1.0 4.7 4.8 Google Play score 1.0 4.4 3.4 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at BelleoFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10Customer support at BelleoFX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. BelleoFX provides basic support functionality but does not stand out in overall service performance.
InformationThe broker’s working hours are 10:00-19:00 (GMT+4) Monday through Friday. Traders can contact a company representative by phone or visit the physical office during these hours. Live chat is available 24/5.
- Live chat is available 24/5
- Telephone communication is possible
- Live chat works with breaks
- Responses via email take time
To contact the broker’s representatives, use the following communication channels:
- Live chat;
- Email;
- Telephone;
- Ticket system in the user account;
- Facebook, Instagram, X(Twitter), and LinkedIn.
BelleoFX’s offices are located in Dubai (the UAE), Port Louis (Mauritius), and Kingstown (St. Vincent and the Grenadines).
Contacts Registration address Belleo Markets, Office 3501, Burj Al Salam, Trade Center First, Sheikh Zayed Road, Dubai, UAE Regulation DET, SVG FSA, FSC (Mauritius) Official site https://belleofx.com/ Contacts support@belleofx.com +971 4 541 7900
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FAQs
How is BelleoFX regulated and what does its safety score indicate about client protection?
BelleoFX has a safety score of 3.9/10, which corresponds to a low security level in this review. It is regulated by the FSC in Mauritius and the SVG FSA in St. Vincent and the Grenadines, both classified as Tier-3 regulators with no specific investor compensation fund mentioned, though the broker does provide negative balance protection and requires KYC verification.
What commissions, spreads, and non-trading fees are described for BelleoFX accounts?
BelleoFX is assessed as having medium overall fees with a score of 7/10, featuring low forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees. On Standard accounts, EUR/USD spreads typically range from 1.2 to 1.9 pips, while RAW/ECN accounts show an average EUR/USD spread of 0.10 pips plus a commission of $7.5 per lot.
What do BelleoFX user reviews and feedback scores reveal about client satisfaction levels?
BelleoFX has a user satisfaction score of 6/10 based on 12 reviews, with a rating distribution that includes 8% 5-star, 25% 4-star, 42% 3-star, 8% 2-star, and 17% 1-star evaluations. According to user reviews, overall sentiment is mixed, indicating a balance of positive and negative experiences.
What trading platforms, tools, and automation features does BelleoFX provide according to recent reviews-style analysis?
BelleoFX supports the MT5 platform and allows trading bots (EAs), one-click trading, scalping, and API access, with 30 supported indicators and 1,000 tradable assets noted in this section. However, it does not offer MT4, cTrader, TradingView, a proprietary platform, web-based trading, free VPS, or a built-in strategy (EA) builder, and features like 2FA and alerts are also not available.
What feedback is available on BelleoFX customer support channels and availability?
BelleoFX’s customer support is described as providing basic functionality with moderate response times that can vary depending on the complexity of the request. Support is available via live chat (24/5), email, telephone, ticket system, and social media, with office hours from 10:00 to 19:00 (GMT+4) Monday to Friday, though live chat may operate with breaks and email responses can take time.
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